Retail

Salad and Go - Dallas-Fort Worth, TX

828 SW Wilshire Blvd, Burleson, TX, 76028-5713, US

Salad and Go - Dallas-Fort Worth, TX_Property for Sale

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Salad and Go - Dallas-Fort Worth, TX 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the ground lease interest in a brand new 2022 construction Salad and Go located in Burleson, TX (the “Property” or “Asset”). Salad and go is currently operating on a 20-year ground lease featuring zero landlord responsibilities and 10% rent increases every 5-years throughout the primary and renewal option periods.


Salad and Go operates 45+ restaurants throughout Arizona and Texas with headquarters in Phoenix, AZ. The fast-growing retail chain plans to add 35 restaurants in 2022 and 2023 throughout Arizona, Texas, Oklahoma and Nevada, representing a 77% increase.


The Asset is located 16 miles south of Fort Worth, directly across the street from Walmart Supercenter with outstanding surrounding local demographics of approximately 101k residents and average household income of $108k. This Walmart location saw 2.5 million visitors annually, ranking it in the top 13% of all Walmart locations nationally, per Placer.ai.


Attributes

Asking Price
¥180,378,000
Building area Net
88 sm
Occupancy
100.00%
Year built
2022

Investment highlights

  • High growth tenancy with corporate guaranty
  • 20 years of primary lease term remaining with favorable 10% rent increases every five years
  • Ground lease with zero landlord responsibilities
  • Brand new 2022 construction
  • Adjacent to Walmart - Burleson, a top 13% most visited Walmart location nationally - Placer.AI
  • AHHI of $107,755 with 100,935 residents within a five-mile radius
  • Optimal visibility and accessibility along SW Wilshire Blvd (28K VPD)
  • DFW has experienced a 23% population growth since 2010 and the population within a five-mile radius of the Properties is expected to out pace the national average and grow by 6.45% over the next five years
  • #1 "State For Business" for 17 years in a row


Salad and Go - Dallas-Fort Worth, TX 4_Property for Sale
Salad and Go - Dallas-Fort Worth, TX 4_Property for Sale

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Last updated
Jan 17, 2023